Question 1 The following information pertains to Parsons Co.: Preferred stock, cumulative: Par value per share Dividend rate Shares outstanding Dividends in arrears $100 8% 11,000 none Common stock: Par value per share Shares issued Dividends paid per share Market price per share $10 115,000 $2.00 $47.00 $500,000 $260,000 $320,000 Additional paid-in capital Unappropriated retained earnings (after closing) Retained earnings appropriated for contingencies Common treasury stock: Number of shares 11,000 $260,000 $630,000 Total cost Net income ssume no changes in balances during the past vear): (Round per share and ratios to 2 decimal places, e.g. $15.25 or 15.25